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Mason Industries purchased a drilling rig for $ 7 5 , 9 0 0 . Delivery costs totaled $ 2 , 8 7 3 .

Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,873.
The useful life is 7 years and the salvage value is $12,938. Prepare a depreciation schedule using the straight-line method.
Mason Industries
Depreciation Schedule-Drilling
\table[[End of Year,Annual Depreciation ($),Accumulated Depreciation ($),Book Value ($)],[,,,$78,773(new)],[1,$,$,$
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